FKLI
FKLI Spot Month Futures (PM) - 7 August 2024
Wed, 07-Aug-2024 01:54 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1584
Resistance
1596 / 1607 / 1614
Support
1584 / 1577 / 1570
Possible Range
1575 to 1600
Strategy
Long positions may be opened above 1590 with targets at 1596/1607 and stop-loss at 1585
Short positions may be opened below 1590 with targets at 1584/1577 and stop-loss at 1595

FKLI Aug month rose 27.5 points or 1.76% to closed higher at 1593 on midday session. Bursa Malaysia benchmark index continued its recovery as global markets regained some stability, prompting investors to seek bargains following the frenzied selling earlier this week.

The FKLI likely to remain in upward trading for the remaining of today session, watch out if there is any sentiment changes. The immediate support and resistance levels are identified at 1584 and 1596, respectively.

(News Source: Reuters)

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.186344 4.224837
EUR 4.692802 4.707788
CNY 0.594564 0.595974
HKD 0.537155 0.542118
SGD 3.243708 3.273864